The New York Times Company severely cuts dividend
Xinhuanet (Free subscription) | 11/21/2008
... for its shareholders, the decision "serves the best interests" of the company. "It's a big cut," Edward Atorino, an analyst at Benchmark who watches The Times Company, was cited as saying. "That's a 75 percent cut. I thought they'd do it in half." Times Company stock tumbled again and closed Thursday at 5.72 dollars (only three cents above its 52-week low of 5.69 dollars). Its market...
